EuroMotif

USDCAD reaching for 1.4000 by Nov 2018?

Длинная
EuroMotif Mod Обновлено   
FX:USDCAD   Доллар США / Канадский доллар
This pair has been trending up already.
Fundamentals are really starting to kick in.
Oil just took a spill, Trump is trumpeting.

Looks like we are well into a Wave 3.
Wave 3's tend to be the most vertical.
After w3, expecting a shallow w4 (due to deep w2)

Fibonacci Ratios are being noticed by the price.
Playing the 618 notes with overtones to full notes.
Notice the 1.618 double top, 0.618 retrace, bounce to 2.0.

Previous fibs also show precise adherence to multiples of 618.
In my theory, every Fib resonance 'rings' for some time after.
Where important fibs overlap, that zone is sure to be important.

NOT in trade yet, waiting for a pullback to enter.
Will update here with smaller TF analysis
Сделка активна:
Entering first long here.
5% of the alotted UCAD capital for now.
If it survives, will add another 5% on each pullback.
-
Closeup of entry point, after a beautiful 2.618 extended drop

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.